Every morning before the stock markets open, CNBC and yahoo finance and others predict how the market will open by looking at futures or some other factors that i cant understand. Can someone please explain what futures are and how financial channels predict how the market will open/be for the day?|||Futures are basically things you will buy in the future, usually things like crops, oil, etc.
Of course you don't get a truck load of corn delivered to your house but you sell the futures to people who actually will.|||hi
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